Need new fitness equipment for your business or organization, but are short on cash? Consider leasing to work within limited budgets or preserve working capital.
What is fitness equipment leasing?
Equipment leasing is basically a loan in which the lender – a bank or other financial institution – buys and owns equipment and then “rents” it to a business or organization. The process is very similar to the popular car lease. Usually, the lender charges a flat monthly rate for a specified number of months in return for use of the equipment. When the lease period ends, the business or organization has the option of:
- Purchasing the equipment for its fair market value
- Continuing to lease the equipment
- Leasing new equipment
- Returning the equipment to the leasing company
What are the benefits?
The major benefit of leasing fitness equipment is the ability to work within a tight … Read More